CMN Resolution No. 5,026 — Defines Financial Charges for Financing with Constitutional Financing Fund Resources and Adjusts Rural Interest Rate Calculation Methodology

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,026, OF JUNE 29, 2022

Defines the financial charges for financing with resources from the Constitutional Financing Funds, as provided for in Section 8 of Chapter 7 (Financial Charges and Credit Limits), and adjusts the rules of Section 4-A (Methodology for calculating the Rural Interest Rates of the Constitutional Financing Funds – TRFC) of Chapter 2 (Basic Conditions) of the Rural Credit Manual (MCR).

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in an extraordinary session held on June 29, 2022, considering the provisions of Article 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Article 1 of Law No. 10,177, of January 12, 2001,

R E S O L V E S:

Art. 1. Section 4-A (Methodology for calculating the Rural Interest Rates of the Constitutional Financing Funds – TRFC) of Chapter 2 (Basic Conditions) of the Rural Credit Manual (MCR) shall be in effect with the following alterations:

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Operation Type	Annual Gross Revenue	Program Factors
Investment, including working capital or associated capital	Up to R$16 million	0.5605694
From R$16 to R$90 million	0.7668207
Above R$90 million	0.9677839
Working capital or capital and commercialization	Up to R$16 million	0.6240302
From R$16 to R$90 million	0.8514387
Above R$90 million	1.0735489
Operations destined: a) to the financing of projects for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native woods/forests; b) to the financing of projects for technological innovation in rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	Any amount	0.2855746

” (NR)

“17 - If the post-TRFC presents a negative result due to the value assessed for the FAM, the post-TRFC will be considered equal to zero for the purpose of calculating the value of the charges of the reference month.” (NR)

Art. 2. Section 8 (Constitutional Financing Funds) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall be in effect with the following alterations:

“Table 1: Financial Charges for Rural Financing with Resources from Constitutional Financing Funds, contracted in the period from 1/7/2022 to 6/30/2023

Fund/Purpose	Annual Gross Revenue	Program Factor (FP)	Rural Credit Interest Rates (up to % p.a.)
Fixed	Fixed with Bonus	Post-fixed (*)	Post-fixed with Bonus
Constitutional Fund of the Center-West (FCO)
1 - Investment, including working capital or associated capital	up to R$16.0 million	0.5605694	9.05	8.56	3.05 + FAM	2.59 + FAM
from R$16.0 to R$90 million	0.7668207	10.23	9.79	4.17 + FAM	3.75 + FAM
above R$90 million	0.9677839	11.39	11.11	5.26 + FAM	5.00 + FAM
2 - Working capital or capital and commercialization	up to R$16.0 million	0.6240302	9.41	8.87	-	-
from R$16.0 to R$90 million	0.8514387	10.72	10.23	-	-
above R$90 million	1.0735489	12.00	11.69	-	-
3 - Operations destined: a) to the financing of projects for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native woods/forests; b) to the financing of projects for technological innovation in rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	not applicable	0.2855746	7.46	7.22	1.55 + FAM	1.32 + FAM

				---	---		Constitutional Fund of the Northeast (FNE)
				---	---		1 - Investment, including working capital or associated capital	up to R$16.0 million	0.5605694	7.79	7.49	1.86 + FAM	1.58 + FAM
from R$16.0 to R$90 million	0.7668207	8.51	8.24	2.54 + FAM	2.29 + FAM
above R$90 million	0.9677839	9.22	9.05	3.21 + FAM	3.05 + FAM
2 - Working capital or capital and commercialization	up to R$16.0 million	0.6240302	8.01	7.68	-	-
from R$16.0 to R$90 million	0.8514387	8.81	8.51	-	-
above R$90 million	1.0735489	9.59	9.40	-	-
3 - Operations destined: a) to the financing of projects for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native woods/forests; b) to the financing of projects for technological innovation in rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	not applicable	0.2855746	6.82	6.67	0.95	0.81

				---	---		Constitutional Fund of the North (FNO)
1 - Investment, including working capital or associated capital	up to R$16.0 million	0.5605694	7.89	7.58	1.95 + FAM	1.66 + FAM
from R$16.0 to R$90 million	0.7668207	8.65	8.36	2.67 + FAM	2.40 + FAM
above R$90 million	0.9677839	9.39	9.21	3.37 + FAM	3.20 + FAM
2 - Working capital or capital and commercialization	up to R$16.0 million	0.6240302	8.12	7.77	-	-
from R$16.0 to R$90 million	0.8514387	8.96	8.64	-	-
above R$90 million	1.0735489	9.78	9.58	-	-
3 - Operations destined: a) to the financing of projects for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native woods/forests; b) to the financing of projects for technological innovation in rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	not applicable	0.2855746	6.87	6.71	0.99 + FAM	0.85 + FAM

(*) Post-fixed rate composed of a fixed part, plus the Monetary Adjustment Factor (FAM).” (NR)

Art. 3. This Resolution enters into force on July 1, 2022.

Paulo Sérgio Neves de Souza
President of the Central Bank of Brazil, substitute